Ketera Upgrades it Procurement Solution

Ketera Technologies on demand spend management solutions has unveiled
its web-based procurement solution, “Ketera Procurement.” Offering spend
management solutions to mid-sized companies, the “Ketera Procurement”
interface manages the procurement process and insights into spending
patterns for companies looking to balance ease of adoption with
affordability. Through its very own “Ketera Network”, consisting of a
community of over 250,000 buyer members, new capabilities available
through the Procurement solution include self-service provisioning and
application set-up to speed start up tasks; pre-configured workflow
rules based on best practices; budgetary constraints by cost center to
drive alerts for purchasing and finance teams as budget limits are
approached; user selectable Basic/Advanced browser interface for quick
adoption; and “Ketera Network” connection to suppliers.


PULSE Network Added to Prepaid TransCards

Stored value card provider TransCard is now a part of Discover’s PULSE
The PULSE ATM/debit network is comprised of more than 289,000 ATMs and
point-of-sale terminals, and is used by more than 4,500 financial
institutions—including banks and credit unions—across the United
States. TransCard handles nearly $2 billion in electronic transactions
annually. PULSE offers a comprehensive suite of payment solutions,
including PIN-less bill payment, PIN and
signature debit products, credit products, stored-value card programs
and, of course, ATM network services.


CompuCredit Completes its Reorganization

GA-based branded card marketer CompuCredit and CompuCredit Holdings
Corporation have completed a reorganization establishing CompuCredit
Holdings Corporation. as a Georgia holding company. Under a plan of
reorganization approved by CompuCredit Corporation
shareholders on June 29, 2009, CompuCredit Corporation became a wholly
owned subsidiary of CompuCredit Holdings
Corporation and the former shareholders of
CompuCredit Corporation became shareholders of CompuCredit Holdings
Corporation, with the same number and percentage of shares of
CompuCredit Holdings Corporation as they held of CompuCredit Corporation.
The common stock of CompuCredit Holdings Corporation will commence
trading on the NASDAQ Global Select Market on July 1, 2009 under the
ticker symbol “CCRT”



Belgium-based Clear2Pay next generation payment solutions has acquired
Ereon Dutch payments consultancy to expand its expertise and expand
offerings to the payments industry. Adding valuable expertise on the
SEPA front, sourcing issues, market entry models, governance and trade
finance, Ereon will further benefit specialists, developers, customer
and project management with this latest development. Clear2Pay assists
banks and other financial institutions with the strategic and
operational payments to help reduce transactions processing costs
through its 450 employees. This acquisition is in conjunction with
Clear2Pay’s eastern expansion into China, having opened the “Clear2Pay
Beijing” office, the second of offices opened in China to the Shenzhen
office, through its 100% acquisition of ETH Tech Limited. (Cardflash
International 6/26/09)


TNB to Expand Olean FCU Card Programs

The $165 million Olean Area Federal Credit
Union in Olean, New York, is partnering with TNB Card Services to turn a
one-dimensional card product into an optimized and diversified card
program. The credit union will convert the processing of its $3.5
million card portfolio to TNB later this year.

Olean Area FCU, with more than 18,000 members, expects to increase card
penetration, expand and solidify relationships within its member base,
and broaden its member benefits, by leveraging TNB’s robust processing
platform. The credit union will institute risk-based pricing and add a
Platinum card, a business card offering, as well as TNB’s Rewards2U^®
loyalty program.

“TNB not only has the experience and tools to help us grow, but we’ll
have a dedicated support team to advise us on ways to enhance our card
products,” said Brian Snyder, vice president of lending for Olean Area
FCU. “TNB will help us develop a strategic plan through its consulting
effort, which will help us determine how to best grow the portfolio.”

Snyder added, “We’re especially looking forward to being able to market
our card via TNB’s marketing campaigns, which will help drive awareness
and usage of our credit card.”

Olean Area FCU is a community chartered credit union with two branches
serving the city of Olean and surrounding areas, including more than a
dozen New York townships.

Credit unions are moving their card processing to TNB Card Services in
record numbers. TNB now serves more than 550 credit unions and processes
more than two million card accounts annually.

About TNB Card Services

TNB Card Services, owned and directed by credit unions since 1976,
provides electronic payments processing for credit unions nationwide.
Serving more than 550 financial institutions of all sizes and managing
more than 2 million cards, Dallas-based TNB enables credit unions to
enhance member loyalty through credit union-branded card products.


Vesta CEO Receives an E&Y 2009 Award

Vesta Corporation, a worldwide leader in
electronic payment solutions, announced that Douglas Fieldhouse,
President and CEO, received the Ernst & Young Entrepreneur Of The Year®
2009 award in the technology category in the Pacific Northwest.
According to Ernst & Young LLP, the award recognizes outstanding
entrepreneurs who are building and leading dynamic, growing businesses.
Fieldhouse was selected by an independent panel of judges, and the
award was presented at a gala event at the Sheraton Seattle on June 26,

“Vesta has earned a reputation as an innovator and strategic partner
with telecom, technology and financial clients worldwide,” said
Fieldhouse. “This acknowledgement from Ernst & Young validates both the
dedication of our team and the appeal of our solutions.”

The Ernst & Young Entrepreneur Of The Year awards celebrate their 23rd
anniversary this year. The program honors entrepreneurs who have
demonstrated exceptionality in such areas as innovation, financial
performance and personal commitment to their businesses and communities.

“We are proud to recognize the achievements of Doug Fieldhouse,” said
Greg Beams, Ernst & Young LLP Entrepreneur Of The Year Program Director
for the Pacific Northwest. “Recipients of the Entrepreneur Of The Year
award build leading businesses and contribute significantly to the
strength of our region’s economy. Their success helps our area grow

As a Pacific Northwest award recipient, Fieldhouse is now eligible for
consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009
national program. Award recipients in several national categories, as
well as the overall national Ernst & Young Entrepreneur Of The Year
award recipient, will be announced at the annual awards gala in Palm
Springs, California on November 14, 2009. The awards are the
culminating event of the Ernst & Young Strategic Growth Forum, the
nation’s most prestigious gathering of high-growth, market-leading

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year
awards are pleased to have SAP and the Ewing Marion Kauffman Foundation
as national sponsors.

In the Pacific Northwest, local sponsors include The Big Picture,
Scherzer International, Seattle Business and The Summit Group.

About Vesta Corporation
Headquartered in Portland, Oregon, with operations in Europe and China,
Vesta has been a pioneer and worldwide leader in electronic payment
solutions since 1995. Vesta was inducted into the Inc. Hall of Fame for
five consecutive years as an Inc. 500 fastest growing private company.
Vesta’s clients include AT&T, Boost Mobile, China Mobile, China Unicom,
Meteor, O2, Tele2, T-Mobile, Vodafone, Verizon, IDT, and Sprint. For
more information, visit

About Ernst & Young’s Entrepreneur Of The Year® Awards Program
Ernst & Young’s Entrepreneur Of The Year® Award is the world’s most
prestigious business award for entrepreneurs. The award makes a
difference through the way it encourages entrepreneurial activity among
those with potential and recognizes the contribution of people who
inspire others with their vision, leadership and achievement. As the
first and only truly global award of its kind, the Ernst & Young
Entrepreneur Of The Year® award celebrates those who are building and
leading successful, growing and dynamic businesses, recognizing them
through regional, national and global awards programs in more than 135
cities in 50 countries.

Details Expands Liquidation Service

PA-based online gift card exchange now has 600 agents nationwide. gives consumers two options for cashing in their gift
cards: mailing them directly to and receiving a check or redeeming them
at one oftheir financial service partner locations for immediate cash. As the
sister-company of, makes these unwanted gift
cards available for sale on at a discount., LLC is a leading provider of prepaid Visa debit cards to
consumers and corporations to expend as gifts, rewards, or incentives.


Advent Takes Control of Fifth Third Processing

Advent International has closed on its 51% stake in Fifth Third’s
processing business. The Fifth Third Processing Solutions, LLC. deal is
valued at $2.35 billion. Fifth Third will retain its 49% interest, and
will also retain its credit card issuing business, which includes retail
credit card and commercial multi-card services. Advent has been active
in the financial services sector for over 20 years, and has backed more
than 25 companies worldwide in a broad range of sub-sectors, including
payments, transaction processing, and financial technology. Related
investments include: Brazil’s CSU CardSystem; Dolex Dollar Express,
which Advent sold to Global Payments in 2003; and Monext, a French
merchant acquirer and bank processor which Advent acquired in 2008.


Visa Adds $700MM to its Litigation Escrow

Visa will deposit $700 million into the litigation escrow account to
maintain its “Retrospective Responsibility Plan”.
Under the terms of the Plan, when Visa funds the litigation escrow, its
U.S. financial institutions, the sole holders of Class B shares, bear a
corresponding financial impact via a reduction in their as converted
share count. As a result, the deposit of Loss Funds has the effect of a
repurchase by the Company of $700 million of Class A Common Stock on an
as converted basis.


Firethorn Solution Becomes PCI DSS Compliant

Firethorn Holdings now meets PCI Data Security Standards (DSS) thanks to
the latest enhancements to its mobile banking and payments application.
These enhancements are to reinforce mobile commerce options and
point-of-sale transactions with security and payment card data
protection through the encryption of account information at rest or in
transit, consistent monitoring for malicious activity, providing
security awareness training for support staff and routine security
assessments of mobile services. In relocating its mobile services
operation to a protected data center with 24/7 support for its services,
Firethorn is a Qualcomm company and is now able to meet the rigorous PCI
DSS requirements, which was developed by the founding payment brands of
the PCI Security Standards Council to facilitate the broad adoption of
consistent data security measures.


Visa Signature Adds Special Fandango Access

Visa has entered into an agreement with movie ticket broker Fandango to offer
Visa Signature cardholders online access to exclusive movie
ticket offers including discounts and advance screenings. Visa Signature cardholders will receive
special ongoing discounts and offers on movie tickets. Cardholders can
currently enjoy a limited number of monthly “two for one” movie tickets
to any movie in any theater serviced by Fandango. Cardholders purchase
one or more movie tickets at with a valid
U.S.-issued Visa Signature card and receive one complimentary movie
ticket to the same showing. Visa will host complimentary advance
movie screenings in select cities giving Visa Signature cardholders
exclusive access to some of the most anticipated new films before they
open in broad release. Cardholders will be able to check out the latest
offers at, reserve tickets with their Visa
Signature card and enjoy a free popcorn and beverage when they arrive at
the theater.


Pipeline Data Files to Suspend SEC Reporting

Payment processor Pipeline Data Board of Directors has voted to approve
the voluntary termination of the registration of its common stock.
In accordance with the resolutions adopted by its Board of Directors,
the Company
will file a Certification and Notice of Termination of Registration on
Form 15 with the Securities and Exchange Commission (SEC) to effect this
termination. The Company is eligible to deregister its common stock as
it had fewer than 300 holders of record of its common stock at the
beginning of its fiscal year. The Company’s obligation to file periodic
and current reports with the SEC, including Forms 10-K, 10-Q, and 8K,
will then be immediately suspended. Pipeline Data expects that the
deregistration of its common stock will become effective 90 days after
the date of filing of Form 15 with the SEC.